Stocks In Focus In Premarket Trade

Monday, April 29, 2019


“Gulf Brokers DMCC – Senior Technical Analyst Alaa Tabib”


Stocks In Focus In Premarket Trade


  • Walt Disney (NYSE:DIS) stock gained 1.9% by 7:57 AM ET (11:57 GMT) after its “Avengers: Endgame” pulled in a record-breaking $1.2 billion in global ticket sales during its opening weekend.


  • AMC Entertainment (NYSE:AMC) stock soared 5.2% as the release of “Avengers: Endgame” helped the movie theater operator hit attendance and revenue records over the weekend.


  • Spotify (NYSE:SPOT) stock jumped 3.4% after the company reported better-than-expected revenue for the first quarter and topped 100 million paid subscribers for the first time.


  • Anadarko Petroleum (NYSE:APC) stock slipped 0.4% despite announcing on Monday that it will resume negotiations to sell itself to Occidental Petroleum (NYSE:OXY) after its board determined that the offer would be “superior” to the deal it accepted from Chevron (NYSE:CVX) earlier this month.


  • Tesla (NASDAQ:TSLA) stock bounced back a modest 0.8% after tumbling 14% last week in response to CEO Elon Musk saying it may need to raise capital. The company said Monday it is studying alternative financing sources. Separately, Musk reached a deal with the U.S. Securities and Exchange Commission over his use of Twitter.


  • Boeing (NYSE:BA) stock fell 1.1% after The Wall Street Journal reported that Southwest Airlines (NYSE:LUV), the largest customer of the 737 MAX, said it had not been informed until after the plane’s first fatal crash that a standard safety feature to warn of malfunctioning sensors had been deactivated. Chief Executive Dennis Muilenburg, meanwhile, prepared to face shareholders on Monday for the first time since the 737 MAX was grounded by regulators. Muilenburg is struggling to present a software fix and new pilot training package that will convince regulators that the plane is safe to fly.


  • Visa (NYSE:V) stock and MasterCard (NYSE:MA) stock edged forward 0.1% and 0.2%, respectively, after the European Union accepted an offer from the companies to cut fees on payments, ending an antitrust investigation.


  • Marriott International (NASDAQ:MAR) stock could see movement in the regular session after The Wall Street Journal reported that the company would begin a new home-rental business that would compete with Airbnb. cut its 2019 profit guidance due to expectations of a hit from the grounding of Boeing’s 737 MAX planes.



“Published & Edited By: Senior Financial Analyst. Alaa Tabib – Gulf Brokers DMCC – Regulated & Licensed By SCA & DGCX”

“Reuters & CNN & CNBC Arabia May Have Contributed To This Article”

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